Bioventus LLC 401(k) Review & Grade
Bioventus 401(k) Plan
Durham, NCManufacturing864 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,398Employer $ per active participant
$12,165Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$148.0MNet plan assets, end of year
$112,791Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 88th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,380 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bioventus put in about $6,398 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,531,061 |
| Participant (employee) contributions | $10,516,610 |
| Other contributions (incl. rollovers in) | $2,135,858 |
| Administrative expenses paid from the plan | $67,250 |
| Contract administrator fees | $600 |
| Benefits paid out | $15,398,401 |
| Net assets, start / end of year | $127.3M / $148.0M |
| Active participants, start / end of year | 828 / 901 |
| Participants with account balances | 1,312 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisner Amper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $67,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801151311NAL0007284289001, received 2025-08-01, EIN 45-3935628, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.